CIBC provides Whitecap’s Fund IV with capital call facility

CIBC Innovation Banking has provided a capital call facility to the fourth early-stage technology fund of Canadian venture capital firm Whitecap Venture Partners. Terms weren’t disclosed for the facility, which allows Whitecap IV to make investments in portfolio companies prior to calling capital from the fund’s limited partners. Earlier this year, Toronto-based Whitecap initially closed Whitecap IV, securing most of its C$125 million target. CIBC Innovation Banking is the technology lending arm of Canadian bank CIBC.

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